Distribution of Retirees, Pensions, and Economic Impact by TN County – 2007

 

Economic Impact of Proposed Adjustments to Oak Ridge Contractor Retiree Pensions-Total

 

TN County*

Number of

Recipients*

Present

Pension*

Adjustment and Penalty Reduction**

Economic Impact of Adjustments***

Anderson

3,678

$56,008,544

$14,125,355

$29,663,245

Blount

294

3,768,920

950,522

1,996,095

Knox

3,393

45,757,267

11,539,983

24,233,964

Loudon

748

9,162,415

2,310,761

4,852,598

Morgan

144

1,664,005

419,662

881,290

Roane

1,668

20,027,275

5,050,879

10,606,845

Other TN Counties

1,146

11,694,810

2,949,431

6,193,805

Total All Counties

11,071

148,083,236

37,346,592

78,427,843

 

 

 

 

 

* Source:BWXT Benefits Service Center - January 2007

** Adjustment to Restore 75% of Lost Buying Power+Reduction of Spousal Penalty to 2%

*** Source: "The Economic Benefits of the US Dept. of Energy for the State of Tennessee, 2006"

Published May 2007 by the University of Tennessee for the US Dept. of Energy

Prepared by Coalition of Oak Ridge Retired Employees - June 2007